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October 18, 2005 -- (WEB HOST INDUSTRY REVIEW) -- Web hosting provider Interland (interland.com) said on Tuesday that it had reduced the size of its staff, including the executive management team, and implemented a new fiscal year. The company says the changes are designed to improve overall financial results, decrease costs and add transparency.
Interland cut its staff by 38 percent, leaving the company with 280 employees. The staff reductions include the elimination of 139 positions from last month's sale of its dedicated hosting division to Peer 1 Network (peer1.net).
The management team will consist of four members instead of seven. They include newly appointed president and chief executive officer Jeffrey M. Stibel, chief financial officer Gonzalo Troncoso, general counsel Jonathan Wilson and chief operations officer Richard Pitrolo.
In order to improve transparency, the company said it would change its fiscal year from August 31 to December 31. A quarterly report marking the old fiscal year will be issued on November 30, with another to follow on December 31 in accordance with the new fiscal year.
"Since joining Interland in early August, it has been my goal to turn around the company, improve its financial position and increase shareholder value," says Jeffrey M. Stibel, CEO of Interland. "We took a hard look at the business and determined that today's strategic changes were necessary and prudent for the overall health of the company. The decision to re-size our employee base was extremely difficult, however it was needed to streamline operations and increase operating efficiencies."
After years of expansion through acquisition, Interland appears to be narrowing its focus. The company sold its shared hosting arm Hostcentric to Caird Corporation in May and its dedicated hosting division to Peer 1 Network in September, a deal that included 8,300 dedicated servers. In recent statements Interland said it would focus on the small and medium-sized business shared hosting market.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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